Liquidity Services, Inc. (NASDAQ:LQDT) EVP Sells $92,473.14 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) EVP John Daunt sold 2,767 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $33.42, for a total transaction of $92,473.14. Following the completion of the transaction, the executive vice president now owns 43,309 shares in the company, valued at approximately $1,447,386.78. This trade represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

John Daunt also recently made the following trade(s):

• On Tuesday, December 17th, John Daunt sold 4,546 shares of Liquidity Services stock. The shares were sold at an average price of $31.68, for a total transaction of $144,017.28.

Liquidity Services Price Performance

Shares of LQDT stock opened at $35.55 on Thursday. The business has a 50-day moving average of $32.85 and a 200 day moving average of $26.29. Liquidity Services, Inc. has a 1-year low of $15.79 and a 1-year high of $39.72. The stock has a market capitalization of $1.10 billion, a PE ratio of 47.40 and a beta of 1.36.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Wall Street Analyst Weigh In

LQDT has been the topic of several research reports. Barrington Research restated an “outperform” rating and set a $40.00 price objective on shares of Liquidity Services in a research report on Tuesday. Craig Hallum raised their price target on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, StockNews.com cut Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday, February 7th.

Institutional Investors Weigh In On Liquidity Services

A number of large investors have recently added to or reduced their stakes in the company. Access Investment Management LLC raised its stake in shares of Liquidity Services by 0.4% during the fourth quarter. Access Investment Management LLC now owns 82,830 shares of the business services provider’s stock valued at $2,675,000 after acquiring an additional 345 shares during the last quarter. GAMMA Investing LLC increased its holdings in Liquidity Services by 11.2% during the 4th quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider’s stock valued at $157,000 after purchasing an additional 487 shares during the period. Franklin Resources Inc. increased its holdings in Liquidity Services by 4.6% during the 4th quarter. Franklin Resources Inc. now owns 15,692 shares of the business services provider’s stock valued at $507,000 after purchasing an additional 683 shares during the period. Willis Investment Counsel raised its position in Liquidity Services by 1.6% during the 4th quarter. Willis Investment Counsel now owns 52,320 shares of the business services provider’s stock valued at $1,689,000 after purchasing an additional 800 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its position in shares of Liquidity Services by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 35,493 shares of the business services provider’s stock worth $1,146,000 after buying an additional 900 shares during the last quarter. Institutional investors own 71.15% of the company’s stock.

About Liquidity Services

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; GovDeals marketplace, which provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets; and AllSurplus, a centralized marketplace that connects global buyer base with assets from across the network of marketplaces in a single destination.